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AI, AMD

AMD revenue forecast and AI chip sales fails to impress Wall Street (Oct. 29)

By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates and raised its artificial intelligence chip sales forecast to $5 billion for 2024 - not enough to impress investors.

Bloomberg on MSN · 59m

AMD Tumbles After AI Chip Growth Fails to Impress Investors

Advanced Micro Devices Inc. slid early Wednesday after the chipmaker’s revenue outlook fell below Wall Street’s expectations, signaling that its artificial intelligence sales are growing slower than some had anticipated.

MarketWatch · 22h

AMD investors waiting for AI chip outlook

Advanced Micro Devices Inc. investors are still hoping that the chip maker will update its outlook for its graphics accelerator chips for AI in its third-quarter conference call. On Tuesday, in after-hours trading,

OpenAI Taps TSMC and AMD

The Verge on MSN · 20h

OpenAI will start using AMD chips and could make its own AI hardware in 2026

In the meantime, the sources also said OpenAI is incorporating AMD chips into its Microsoft Azure setup. AMD introduced its MI300 chips last year, which was a big part of the news this summer that its data center business has doubled in a single year as it chases market leader Nvidia.

scmp.com · 15h

OpenAI, Broadcom working to develop AI inference chip

OpenAI is less focused on GPUs, chips that are used to train and build generative AI models – a market that has been cornered by Nvidia.

EconoTimes · 21h

OpenAI Taps TSMC and AMD for 2026 Launch of Custom AI Chips

In a strategic move to enhance AI performance, OpenAI is working with TSMC and incorporating AMD chips into its infrastructure to develop custom silicon. Expected to start production by 2026, this effort could reshape

AMD shares slump

Wall Street Journal · 22h

AMD Gets an AI Boost, But Outlook Disappoints Investors

Advanced Micro Devices reported a sharp rise in quarterly sales driven by soaring demand for its AI chips and other products for data centers, but a slightly weaker-than-expected outlook sent its shares lower.

Reuters on MSN · 9h

AMD shares slump as forecast disappoints AI-focused investors

Advanced Micro Devices shares fell 8% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from the AI boom. AMD could lose around $20 billion in market value,

MarketWatch · 21h

AMD boosts its AI forecast — but without upside to expectations

AMD boosted its AI outlook for the year, but it was just about what Wall Street was expecting. The company now models upwards of $5 billion in revenue from its data-center graphics processing units, which are used for AI.

43m

AMD still has a gap to close with Nvidia's AI chips

Shares for AMD dropped after its third quarter earnings call. CEO Lisa Su said that gaining trust in the GPU market takes ...

7hon MSN

AMD Stock Drops on a Weak Outlook. AI Guidance Fails to Impress.

The company’s forecast implied revenue of $7.5 billion in the current quarter, slightly short of Wall Street’s estimate.

Tempered AI Outlook, For Now -- Upgrading AMD To Buy For Intra-Quarter Trade

Advanced Micro Devices, Inc. reported 3Q24 results and a softer-than-expected outlook for Q4. Read why we're upgrading AMD ...

Business Insider31m

AMD CEO Lisa Su says GPU and CPU sales are nearly equal. Wall Street thinks that's not enough.

AMD came up against sky-high investor expectations for AI infrastructure growth, along with quick trigger fingers if ...

ExtremeTech46m

AMD Reports Third-Quarter Results and Shares Dip

On a positive note, AMD bumped its projected 2024 sales of AI hardware by half a billion dollars, to a clean $5 billion. ...

AMD says RDNA 4 GPUs are coming in early 2025 — RX 8000 will deliver ray tracing improvements, AI capabilities

Apple’s most premium laptop is catching up to is brethren with the addition of M4 chips. The Pro will also be the first to ...

AMD’s Strong Outlook and AI Advancements Justify Buy Rating with $185 Target

Mizuho Securities analyst Vijay Rakesh has reiterated their bullish stance on AMD stock, giving a Buy rating today. Vijay Rakesh has given his ...

Guru3D.com1h

AMD AI 9 HX 375 processor generates tokens 27% faster than Intel Core Ultra 7 258V in LM Studio

AMD has announced significant advancements in its Ryzen AI 300 series mobile processors, specifically highlighting the Ryzen AI 9 HX 375.In performance tests conducted using LM Studio—a desktop ...

22h

AMD revenue forecast and AI chip sales fails to impress Wall Street

Advanced Micro Devices on Tuesday forecast fourth-quarter revenue just shy of estimates and raised its artificial ...

Strategic Acquisitions and AI Adoption Propel AMD Towards $400 Billion Market Opportunity

DBS analyst Amanda Tan has maintained their bullish stance on AMD stock, giving a Buy rating today. Amanda Tan’s rating is based on ...

AMD stock slumps over 9% as fourth-quarter guidance trails analysts' expectations

Advanced Micro Devices (NASDAQ:AMD) unveiled guidance for current-quarter revenue and artificial intelligence chip sales that disappointed investors, sending shares down by nearly 10% in Wednesday ...

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